similar problems faced by Google, which had been forced to handle a large number of take down notices on its YouTube video-sharing platform. In May 2015, it was reported that Twitter was considering the acquisition of SoundCloud for approximately US$2 billion. However, the prospect of acquisition was discounted by the media, with one report stating that "the numbers didn't add up", and Bobby Owsinski hypothesizing on the Forbes website in July that SoundCloud's ongoing inability to secure deals with the major music labels was the foremost culprit. On 28 September 2016, Spotify announced that it was considering to buy SoundCloud, but on 8 December 2016, Spotify was reported to have abandoned its acquisition plans. In February 2019, SoundCloud reported having surpassed 200 million sound tracks, four times as many as Myspace had. In May 2019, SoundCloud bought artist distribution platform Repost Network. In January 2020, a US$75 million investment by Sirius XM was announced. On 2 March 2021, SoundCloud announced a new pay model for artists, entitled "fan-powered royalties", which went into effect on 1 April 2021. Under this new model, royalties come directly from the subscription and advertising revenue that listeners earn for SoundCloud, instead of allotting a certain portion of the total "pool" of revenue earned by SoundCloud to each artist based on streams. This means that a fan who listens to more advertisements or pays for a SoundCloud Go subscription will be more valuable to an artist, supposedly benefiting smaller independent artists with fans who listen to their music frequently. Little is known about how beneficial fan-powered royalties have been for artists, beyond SoundCloud's claims, over the traditional pooled royalties model, which most competing services such as Spotify continue to use. In December 2021, SoundCloud Chief Financial Officer, Drew Wilson, said the company is "at the doorsteps of break-even" and said the company expects to generate a net profit by 2023. The rise in popularity of SoundCloud Rap and ability for new artist to gain popularity helped SoundCloud gain enough users to continue business. SoundCloud is an interactive platform, compared to other streaming services, which contributes to the artist being able to gain popularity. Monetization, subscription services In August 2014, SoundCloud announced a new program known as "On SoundCloud", which would allow "Premier" partners to monetize their content through pre-roll audio ads, channel sponsorships, mobile display ads, and native content. The company announced deals with a number